Corporate
Makati hits 61 percent of 2025 revenue target, collects P11.77B in January – Mayor Abby
Good corporate citizens and well-meaning businessmen in Makati City continued to drive tax collection in one of the premier business districts in the country.
Makati...
AREIT posts strong growth, announces new acquisition
AREIT Inc., the listed real estate investment trust of the Ayala Group, delivered a robust financial performance for 2024, posting total revenue of P10.3 billion, a 44 percent increase from 2023.
Keppel requests trading suspension amid delisting move
Keppel Philippine Holdings Inc. on Friday sought the suspension of trading for its common shares on the Philippine Stock Exchange (PSE) following the approval of its board of a tender offer aimed at the company’s eventual delisting.
It’s a go for Ayala Land, Areit property-for-share swap
Ayala Land Inc. has approved a P20.99 billion property-for-share swap with its real estate investment trust, Areit Inc. The deal will see Ayala Land’s units—Accendo Commercial Corp., Cagayan de Oro Gateway Corp., and Central Bloc Hotel Ventures Inc.—subscribe to 505.89 million primary common shares of Areit in exchange for eight commercial properties.
Oceana Gold reports modest 2024 income boost despite tepid production
Oceana Gold Philippines Inc. reported a 13.1 percent increase in net income in 2024 reaching USD30.3 million versus only USD26.8 million in 2023. The growth was primarily driven by higher gold and copper prices despite a 30 percent drop in gold production and a 13.4 percent decline in copper output.
